Ann: Dragontail Completes Oversubscribed $8.8 million Placement, page-2

I don't think that cash will be enough unless something drastic occurs...

-The estimated cash outflows go from $843K at 30 June to $1.482 million estimated for 30 September.
-Revenue projections are sketchy at best.
-So, cash burn is like $1.5MM a quarter and growing. Likely up to $2MM a quarter is the current expense growth occurs. If they control costs, they will have consumed much of this money in little over a year.

GLTA.